Happy Valley Foundation
- Assets
- $23.5m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 66
- Location
- Ojai, CA
- Founding
- 09/1949
- Data as of
- 06/2022
- EIN
- 95-0809370
Organization Overview
Happy Valley Foundation is located in Ojai, CA. The organization was established in 1949. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Happy Valley Foundation employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Happy Valley Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Happy Valley Foundation generated $7.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $5.1m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AN EDUCATIONAL CENTER THAT NURTURES SPIRITUAL, ARTISTIC AND INTELLECTUAL GROWTH AS WELL AS PHYSICAL AND MENTAL WELL-BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION EDUCATES APPROXIMATELY ONE HUNDRED STUDENTS FROM NINTH THROUGH TWELFTH GRADE EACH YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sirr Less CFO | OfficerTrustee | 2 | $0 |
Derek Woods Vice President | OfficerTrustee | 2 | $0 |
Ken Tennen President | OfficerTrustee | 2 | $0 |
Linda Hardman Secretary | OfficerTrustee | 2 | $0 |
Summer Galante Trustee | Trustee | 2 | $0 |
Portia Johnson Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,941 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $550,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $543,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,098,791 |
| Total Program Service Revenue | $4,824,925 |
| Investment income | $630,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,793 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,632 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,044,328 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,731,218 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $223,070 |
| Payroll taxes | $219,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,434 |
| Fees for services: Accounting | $52,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $75,287 |
| Office expenses | $60,444 |
| Information technology | $40,163 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $60 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $590,328 |
| Insurance | $185,092 |
| All other expenses | $194,818 |
| Total functional expenses | $5,071,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,020,280 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $350,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $115,850 |
| Net Land, buildings, and equipment | $12,110,377 |
| Investments—publicly traded securities | $1,545,399 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $313,094 |
| Total assets | $23,455,000 |
| Accounts payable and accrued expenses | $115,398 |
| Grants payable | $0 |
| Deferred revenue | $1,947,799 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,063,197 |
| Net assets without donor restrictions | $20,484,696 |
| Net assets with donor restrictions | $907,107 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,455,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Happy Valley Foundation has recieved totaling $2,182.
| Awarding Organization | Amount |
|---|---|
Meehan Foundation New York, NY PURPOSE: GENERAL SUPPORT | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $182 |
Endowment Analysis
| Earnings | $6,324 |
| Net Contributions | $1,767,100 |
| Ending Balance | $1,773,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Preparatory School Oakland, CA | $86,770,968 | $29,982,508 |
De Toledo High School West Hills, CA | $54,114,350 | $20,796,544 |
Los Angeles Leadership Academy Los Angeles, CA | $13,675,392 | $17,033,455 |
Dunn School Los Olivos, CA | $25,503,734 | $14,255,892 |
Maranatha High School Pasadena, CA | $37,804,147 | $15,687,230 |
Seabury Hall Makawao, HI | $71,634,434 | $12,939,706 |
Audeo Charter School San Diego, CA | $17,592,431 | $17,679,970 |
Cristo Rey San Jose High School San Jose, CA | $35,861,424 | $12,346,734 |
Monte Vista Christian School Inc Watsonville, CA | $36,645,188 | $14,491,760 |
Vistamar School El Segundo, CA | $31,527,433 | $13,947,255 |
Pathways In Education Illinois Pasadena, CA | $13,522,189 | $14,647,243 |
Africa New Life Ministries International Portland, OR | $6,351,157 | $13,013,845 |